What is the currency in Portugal now. Portuguese currency
Today, euros are calculated in Portuguese shops, cafes and entertainment centers. Although the history of money in Portugal is much older than the introduction of the euro into circulation when joining the European Union. What do we know about the national currency of Portugal?
Portuguese money: historical background
After the revolutionary year of 1911, the escudo currency came into circulation to the Portuguese. One escudo was then correlated with R $ 100 and replaced it as the constant currency before the introduction of the euro in 2002.
New currency unit was distributed not only in Portugal itself, but also in the colonies of the country. The denomination of the banknotes was as follows:
- 1, 2, and 5 escudos;
- 10, 20, and 50 escudos;
- 100, 500 and 1000 escudos.
The final series of paper money was decorated with portraits of historical figures who made great geographical discoveries. Dee Barros, Cabral, Dias and da Gama were chosen as the personalities to grace the latest editions of the escudos.
Later, a 5000 escudo banknote appeared in circulation. The coins of this currency were called centavos. Escudos and centavos were produced both in "iron" and in paper equivalent.
Euro in Portugal today
Having joined the European Union, Portugal launched the money circulation new currency - euro. Now euro cents are used as coins, and banknotes are equivalent to money in all EU countries.
Tourists note that prices for housing, food and entertainment in Portuguese lands are much lower than in all of Europe.
In Portugal, cards are accepted almost everywhere. Tipping is usually included in the bill, and ATMs are found in all large establishments in large cities.
The most favorable exchange rate for foreign currencies for money can be found in state banks and large exchange offices. It is also beneficial to exchange money at airports in Portugal, as well as at banks.
Central banking institutions countries work from 9 am to 3 pm. On holidays, they serve customers until 12 noon. Sometimes in small markets of the state and in small shops, dollars are accepted for calculation.
Portugal is a country where tourists feel great. The Portuguese territories are full of ancient sights, and hotels with a good number of stars really have European service. Arriving in Portugal, it is enough to have a little cash in euros, all other payments can be made by bank card even in the countryside.
Portugal's currency is the euro.
Estimated prices in Portugal
- Dinner for two with wine: 30 € (1350 rubles)
- Hearty lunch in a restaurant: 15 € (680 rubles)
- Fast food: 6 € (270 rub.)
- Bottle of wine: from 1.5 € (50 rubles)
- Coca-Cola bottle: 1 € (45 rubles)
- A pack of cigarettes: from 4 € (180 rubles)
Bank cards in Portugal
ATM machines are very common in Portugal. They are called multibanco and are found on the streets, shops and banks. They work around the clock. Cards are accepted in almost any store, restaurant, you can use them to buy a ticket.
The safest way to withdraw money is from ATMs,
which are inside the banks.
How much money to take to Portugal
Holidays in Portugal are cheaper than in many other European countries. Food and accommodation are especially beneficial. You can also save money by using public transport and cooking yourself. The trip budget needs to include at least 50 € per day for one person, but you need to have a reserve for unforeseen expenses.
What money to take to Portugal
You can pay in Portugal only in euros. Most convenient to use by plastic card, from which you can withdraw cash at any ATM. A small amount it is better to exchange for the first expenses in advance.
Banks in Portugal
It is more profitable to change money at the airport. Banks in Portugal are open 08: 30-15: 00 without a break, and on the eve of holidays they close even earlier, around 12:00.
Tipping in Portugal
In Portugal, tips are not required - they are usually included in the bill. If you want to thank the waiter, you can round up the invoice amount.
Portugal - is one of the first countries to adopt the currency - the Euro, but previously the main monetary currency were escudos. Escudo translated from Portuguese means: a shield or coat of arms, which was the main element of the coins bearing this name. Officially on January 1, 2002, Portugal adopted the euro currency. Before the introduction of the euro currency, circulation contained coins in denominations of 1, 5, 10, 20, 50, 100 and 200 escudos, as well as banknotes in denominations of 500, 1000, 2000, 5000 and 10,000 escudos.
History of Escudo Currency Management
The escudo was introduced in 1911 on May 22, after the revolution, replacing the Portuguese real at the rate of 1000 reais \u003d 1 escudo. The original cost of one pound sterling was equivalent to 4.5 escudos, but in 1914, the escudo currency rate declined sharply. Over the years, there was a sharp drop in the currency, which led to inflation and subsequently in 1990, coins with non-integer denominations (0.50 and 2.50) were removed from circulation. To date, Cape Verde escudos remain in circulation. At the time of Portugal's entry into the Euro zone, the exchange rate was: 200,482 escudos to 1 €.
What currency to take to Portugal
The answer to this question is obvious, it is best to take the euro with you. But you can take any other foreign currency, since you can always exchange it directly in the country.
Currency exchange in Portugal
If you decide to visit Portugal for the first time and you need to exchange your currency, then you should do it by favorable rate... You can exchange your currency upon arrival immediately at the airport, since today the foreign exchange office at the airport offers exchange at the most favorable rate and one of the lowest commission fees, unlike Portuguese banks. But in some banks in Lisbon, when exchanging more than 30 euros, there is no commission at all. Although many establishments provide the option to pay in dollars. Portugal, like all of Europe, accepts credit card payments
- Visa;
- American Express;
- MasterCard.
Importing currency into Portugal
Persons who enter the customs zone of the European Union, over 18 years old, are allowed to import significantly more products than those who do not fall under this category. This applies to alcohol, tobacco, tea, coffee and personal goods. In terms of currency, the amount of EUR 10,000.00 is subject to written declaration.
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